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ALSAGR INSURANCE

01 May, 2025 09:47

Al Sagr Cooperative Insurance Company announces the termination of the employment contract of the Managing Director and the appointment of a Acting Chief Executive Officer for the company

Element ListExplanation
Announcement Detail Al Sagr Cooperative Insurance Company announces the following Board of Directors’ resolutions: 1. Board resolution by circulation dated 13/04/2025: Approval to appoint Ms. Dalal Abdullah Burhan as Acting Chief Executive Officer of the Company, effective from 02/11/1446H corresponding to 30/04/2025, for a period of six months. It is worth noting that Ms. Dalal Abdullah Burhan currently holds the position of Chief Technical Officer at the Company. Brief on the Acting CEO, Ms. Dalal Abdullah Burhan: Ms. Dalal has more than 16 years of professional experience in the insurance sector, in addition to distinguished academic and professional qualifications. She holds a Fellowship Certificate in Insurance from the Chartered Insurance Institute in London and a Bachelor’s degree in Accounting from King Saud University, along with several specialized professional certificates in insurance and risk management. 2. Board resolution dated 16/04/2025: Termination of the employment contract of the Managing Director, Dr. Yasser bin Mohammed Al Harbi, effective as of 14/05/2025. Dr. Yasser will continue to serve as a Non-Executive Member of the Board. The Board of Directors extends its sincere thanks and appreciation to Dr. Yasser bin Mohammed Al Harbi for his efforts during his tenure as Managing Director, and wishes him continued success and prosperity.

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